Insider Selling: Quanex Building Products Co. (NX) Director Sells 10,000 Shares of Stock
Quanex Building Products Co. (NYSE:NX) Director Joseph D. Rupp sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $17.71, for a total value of $177,100.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $177,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Quanex Building Products stock opened at $18.25 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.93. Quanex Building Products Co. has a 52 week low of $16.50 and a 52 week high of $24.60. The company has a market capitalization of $629.52, a price-to-earnings ratio of 23.40 and a beta of 0.74.
Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Monday, March 5th. The construction company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. Quanex Building Products had a return on equity of 6.72% and a net margin of 3.17%. The company had revenue of $191.70 million for the quarter, compared to analysts’ expectations of $189.95 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. sell-side analysts predict that Quanex Building Products Co. will post 0.93 EPS for the current fiscal year.
A number of research analysts have commented on NX shares. TheStreet cut Quanex Building Products from a “b-” rating to a “c” rating in a research note on Monday, March 5th. Zacks Investment Research cut Quanex Building Products from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Wedbush cut Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.
Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its stake in Quanex Building Products by 66.7% during the third quarter. BNP Paribas Arbitrage SA now owns 18,062 shares of the construction company’s stock worth $415,000 after purchasing an additional 7,229 shares in the last quarter. Cooke & Bieler LP raised its stake in shares of Quanex Building Products by 0.3% in the fourth quarter. Cooke & Bieler LP now owns 2,335,292 shares of the construction company’s stock valued at $54,646,000 after acquiring an additional 6,145 shares in the last quarter. State Street Corp raised its stake in shares of Quanex Building Products by 5.1% in the second quarter. State Street Corp now owns 837,719 shares of the construction company’s stock valued at $17,720,000 after acquiring an additional 40,540 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Quanex Building Products in the third quarter valued at $626,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Quanex Building Products by 4.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 298,422 shares of the construction company’s stock valued at $6,984,000 after acquiring an additional 11,626 shares in the last quarter.
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Quanex Building Products Company Profile
Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.
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